“Is Bitcoin flashing bear market continuation, or an early bull market reset?” asked Fidelity Digital Assets on Tuesday. The asset manager noted that BTC has been in a death cross for more than 200 days, with the price briefly breaking below the 200-week moving average over the weekend. “Notably, sustained breaks below this level have […]
Strategy’s preferred stock STRC closed Wednesday at $94.65, about 5% below its $100 par value, touching off a wave of alarm on social media. While some critics have aired concern about the sustainability of the structure that has helped fund Strategy’s Bitcoin buying spree, a few supporters argue that STRC’s move down is normal for […]
Mt. Gox-linked wallet has moved a total of 10,306 BTC worth approximately $731 million at the time of this writing to a new wallet, sparking community chatter about a potential sale. Data from Arkham Intelligence shows that the receiving address is not associated with any centralized or decentralized exchange, indicating no immediate need for worry. […]
It appears that Bitcoin is no longer just a campaign talking point in DC – it’s becoming a very visible part of political investment portfolios in the circles close to President Donald Trump. Republican lawmakers have shifted their portfolios to reflect assets and companies that are in the president’s favor. GOP Trades Follow Trump’s Crypto […]
Bitcoin (BTC) climbed back toward $78,000 on Monday after analysts tied the latest rebound to easing tensions between the USA and Iran, and the prospect of a broader recovery across risk assets. Traders who spent much of the past two weeks bracing for another leg down are now watching whether the flagship cryptocurrency can reclaim […]
Around 20,500 Bitcoin options contracts will expire on Friday, May 22, with a notional value of roughly $1.5 billion. This event is smaller than usual, so it is unlikely to have any impact on spot markets. Crypto markets have been in decline all week, with around $50 billion leaving the space as Bitcoin continues to […]
Bitcoin has hit resistance at its 200-day moving average and is showing signs of a trend reversal, according to CryptoQuant on Wednesday. The move closely mirrors a March 2022 pattern where a 43% rally stalled at the same level before prices declined further. “Overall, Bitcoin demand has flipped into contraction,” the analyst wrote. The platform’s […]
Bitcoin has spent the last week grinding higher from around $78,000 to top $82,000 twice, with buyers “continuing to absorb pullbacks even as momentum started to cool near local highs,” reported Glassnode on Monday. The asset dipped below $81,000 briefly in early trading in Asia on Tuesday, but there has been “strong bullish sentiment” and […]
Digital asset investment products posted inflows of $857.9 million, and extended six straight weeks of positive flows – the highest weekly figure since April 24. CoinShares stated that the increase is likely tied to improving sentiment around the CLARITY Act, as Senators Thom Tillis and Angela Alsobrooks released the final compromise text related to stablecoin […]
The US Department of Justice announced that 20-year-old Marlon Ferro of Santa Ana has been sentenced to 78 months in prison for his role in a large-scale cryptocurrency theft and social engineering conspiracy that stole more than $250 million from victims across the country. Ferro, who also used the alias “GothFerrari,” pleaded guilty in October […]